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Application of Distributed Ledger Technology in Distribution Networks

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dc.contributor.authorZhou, Yueen
dc.contributor.authorManea, Andrei Nicolasen
dc.contributor.authorHua, Weiqien
dc.contributor.authorWu, Jianzhongen
dc.contributor.authorZhou, Weien
dc.contributor.authorYu, Jamesen
dc.contributor.authorRahman, Saifuren
dc.date.accessioned2024-03-27T19:14:05Zen
dc.date.available2024-03-27T19:14:05Zen
dc.date.issued2022-06-24en
dc.description.abstractIn the transition to a society with net-zero carbon emissions, high penetration of distributed renewable power generation and large-scale electrification of transportation and heat are driving the conventional distribution network operators (DNOs) to evolve into distribution system operators (DSOs) that manage distribution networks in a more active and flexible way. As a radical decentralized data management technology, distributed ledger technology (DLT) has the potential to support a trustworthy digital infrastructure facilitating the DNO-DSO transition. Based on a comprehensive review of worldwide research and practice, as well as the engagement of relevant industrial experts, the application of DLT in distribution networks is identified and analyzed in this article. The DLT features and DSO needs are first summarized, and the mapping relationship between them is identified. Detailed DSO functions are identified and classified into five categories (i.e., 'planning,' 'operation,' 'market,' 'asset,' and 'connection') with the potential of applying DLT to various DSO functions assessed. Finally, the development of seven key DSO functions with high DLT potential is analyzed and discussed from the technical, legal, and social perspectives, including peer-to-peer energy trading, flexibility market facilitation, electric vehicle charging, network pricing, distributed generation register, data access, and investment planning.en
dc.description.versionAccepted versionen
dc.format.extentPages 1963-1975en
dc.format.extent13 page(s)en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1109/JPROC.2022.3181528en
dc.identifier.eissn1558-2256en
dc.identifier.issn0018-9219en
dc.identifier.issue12en
dc.identifier.orcidRahman, Saifur [0000-0001-6226-8406]en
dc.identifier.urihttps://hdl.handle.net/10919/118475en
dc.identifier.volume110en
dc.language.isoenen
dc.publisherIEEEen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectDistributed ledgeren
dc.subjectDistribution networksen
dc.subjectConsensus protocolen
dc.subjectScalabilityen
dc.subjectBitcoinen
dc.subjectElectric potentialen
dc.subjectSmart contractsen
dc.subjectBlockchainen
dc.subjectdistributed ledger technology (DLT)en
dc.subjectdistribution networken
dc.subjectsmart contracten
dc.subjectsmart griden
dc.titleApplication of Distributed Ledger Technology in Distribution Networksen
dc.title.serialProceedings of the IEEEen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dc.type.otherJournalen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Engineeringen
pubs.organisational-group/Virginia Tech/Engineering/Advanced Research Instituteen
pubs.organisational-group/Virginia Tech/Engineering/Electrical and Computer Engineeringen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Engineering/COE T&R Facultyen

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